Operation of a real estate and services company, in particular the acquisition, holding, encumbrance, sale, development, planning, construction and redevelopment of residential, commercial and industrial properties and land in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies, acquire or establish similar or related companies, and conduct all business and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. The company is authorized to take financing, restructuring and intercession measures in favor of shareholders and group companies and to grant loans or securities to third parties for their obligations.